RECENT TRENDS IN INSTITUTIONAL POLITICAL ECONOMY

Abstract

Interest in developing institutional explanations of political and economic behavior has blossomed among social scientists since the early 1980s. Three intellectual perspectives are now prevalent: rational choice theory, historical institutionalism and a new school of organizational analysis. This paper summarizes, compares and contrasts these views and suggests ways in which cross‐fertilization may be achieved. Particular attention is paid to how the insights of organizational analysis and historical institutionalism can be blended to provide fruitful avenues of research and theorizing, especially with regard to the production, adoption, and mobilization of ideas by decision makers.

Citation

Campbell, J.L. (1997), "RECENT TRENDS IN INSTITUTIONAL POLITICAL ECONOMY", International Journal of Sociology and Social Policy, Vol. 17 No. 7/8, pp. 15-56. https://doi.org/10.1108/eb013316

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